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To: patron_anejo_por_favor who wrote (158)6/7/2001 9:50:55 PM
From: craig crawford  Read Replies (1) | Respond to of 1643
 
Thursday June 7, 2:58 pm Eastern Time

Basic material shares deserve more attention-fund managers

By Thi Nguyen
biz.yahoo.com

NEW YORK, June 7 (Reuters) - Out-of-favor basic material stocks such as aluminum maker Alcoa Inc. (NYSE:AA - news) and paper firm International Paper Co. (NYSE:IP - news) deserve more investor attention if you
believe economic growth is about to accelerate, money managers said.

The weighting of chemical, paper and metal stocks in the S&P 500 index (^SPC - news) dropped to 3 percent in 1998 from 7 percent in 1990 as the stocks failed to excite investors, and the weighting has stayed at that level since, according to market research firm Thomson Financial/First Call.